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Follow the monthly candle and be profitable

  • #1,761
  • Apr 23, 2015 4:17pm Apr 23, 2015 4:17pm
Quoting PBPTaker
{quote} Daily open and when you compile ... to be honest I did not check it overnight. But the new candle function is the same I'm using on all my EAs.
hi PBTaker
I PUT THE ea
BUT ONLY ONE PAIR PUT PENDING ORDER
  • #1,762
  • Apr 23, 2015 5:37pm Apr 23, 2015 5:37pm
Day 3 - Pending Orders placed = 14 ( NOT yet placed, EURNZD, GBPAUD, GBPCAD due to big spreads, possible 17)

If you need any confirmation how hard it is to trade currency, think about it!

Why are there 14 pairs that have reversed daily candles - almost every day?

Why are there huge candles but no follow thru?

Just look at GBPCHF in chart !!!

WHY WHY WHY WHY

Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #1,763
  • Apr 23, 2015 8:27pm Apr 23, 2015 8:27pm
Day 2 Test

Pending: 12
Running: 3
TP total: 11%
SL total: 5%
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  • #1,764
  • Apr 23, 2015 9:20pm Apr 23, 2015 9:20pm
Quoting yelena
Day 2 Test Pending: 12 Running: 3 TP total: 11% SL total: 5% {image}
Very good, thanks for posting

I missed the NZDJPY somehow

And still EURNZD spread too high, but it's right way moving
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It takes a lot for me to IGNORE you, but you can try.
  • #1,765
  • Apr 23, 2015 9:23pm Apr 23, 2015 9:23pm
This method looks really cool, Im subscribed.

Maybe the possibility of filtering out trades where the reversal candle is equal to the ADR or 80-90% of its value, signaling a high chance of retrace?
  • #1,766
  • Apr 23, 2015 9:59pm Apr 23, 2015 9:59pm
Quoting PixeLM
This method looks really cool, Im subscribed. Maybe the possibility of filtering out trades where the reversal candle is equal to the ADR or 80-90% of its value, signaling a high chance of retrace?
Subscribe away, and filter away too

Please post your results, I think I know what you mean but if you can post an example, that would be great contribution to the discussion, thanks
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It takes a lot for me to IGNORE you, but you can try.
  • #1,767
  • Apr 24, 2015 12:08am Apr 24, 2015 12:08am
Day 3 - that's all over, might come back and check Europe session direction, it might come back
Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #1,768
  • Apr 24, 2015 1:45am Apr 24, 2015 1:45am
Quoting dimdel
{quote} hi PBTaker I PUT THE ea BUT ONLY ONE PAIR PUT PENDING ORDER
Well because if puts only pending order when it detects a change in the Daily HA candles. I thought that this i the use case ...
  • #1,769
  • Apr 24, 2015 2:08am Apr 24, 2015 2:08am
Quoting PBPTaker
{quote} Well because if puts only pending order when it detects a change in the Daily HA candles. I thought that this i the use case ...
can you make this EA to put pending orders in any candle change color ? with room, SL, TP ,trSL?

THANK YOU FRIEND
ANYWAY
  • #1,770
  • Apr 24, 2015 2:19am Apr 24, 2015 2:19am
Quoting PBPTaker
{quote} Well because if puts only pending order when it detects a change in the Daily HA candles. I thought that this i the use case ...

WHOA

​who brought Heiken Ashi candle into this mix up?

It takes a lot for me to IGNORE you, but you can try.
  • #1,771
  • Apr 24, 2015 2:25am Apr 24, 2015 2:25am
Quoting Erebus
{quote} WHOA ​who brought Heiken Ashi candle into this mix up?
erebus

punish him, punish him
  • #1,772
  • Apr 24, 2015 2:33am Apr 24, 2015 2:33am
Quoting Erebus
{quote} Subscribe away, and filter away too Please post your results, I think I know what you mean but if you can post an example, that would be great contribution to the discussion, thanks {image}
Erebus, yes this is what I was meaning. But in your example the following candle is very bearish, so filtering this may have excluded a good trading opportunity.

I will visually backtest some theories over the weekend and report back, I don't not want to over complicate this method as it looks very promising, as we know.. simple is best.
  • #1,773
  • Apr 24, 2015 2:34am Apr 24, 2015 2:34am
Quoting dimdel
{quote} erebus punish him, punish him
Most threads boot you for EA let alone HA

It takes a lot for me to IGNORE you, but you can try.
  • #1,774
  • Apr 24, 2015 2:41am Apr 24, 2015 2:41am
Quoting Erebus
Day 3 - that's all over, might come back and check Europe session direction, it might come back {image}
Still in them. I think the -2.30% event came because other trades got triggered.
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  • #1,775
  • Apr 24, 2015 3:01am Apr 24, 2015 3:01am
Im in the process of reading through this thread but I must leave for work shortly, there seems to be several EA's people are using.. is this correct?

Depending on the outcome of my research, I am thinking an EA coded to have options of TF, reversal and with trend, ADR filter, static TP/SL levels along side dynamic targets depending on ADR or triggering candle size.

MM will need to be looked at if people will use all available pairs, this could really be a margin hog on smaller account sizes.
  • #1,776
  • Apr 24, 2015 3:12am Apr 24, 2015 3:12am
Quoting yelena
{quote} Still in them. I think the -2.30% event came because other trades got triggered. {image}

Day 2 result : -7.16%

A news came out and changed the game. I think it was too fast for Serenity to close all.

2-day result: +4.16%
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  • #1,777
  • Apr 24, 2015 3:15am Apr 24, 2015 3:15am
Quoting PixeLM
Im in the process of reading through this thread but I must leave for work shortly, there seems to be several EA's people are using.. is this correct? Depending on the outcome of my research, I am thinking an EA coded to have options of TF, reversal and with trend, ADR filter, static TP/SL levels along side dynamic targets depending on ADR or triggering candle size. MM will need to be looked at if people will use all available pairs, this could really be a margin hog on smaller account sizes.
Yeah, EA is the way to go, please report your results always
It takes a lot for me to IGNORE you, but you can try.
  • #1,778
  • Apr 24, 2015 3:17am Apr 24, 2015 3:17am
Quoting PixeLM
Im in the process of reading through this thread but I must leave for work shortly, there seems to be several EA's people are using.. is this correct? Depending on the outcome of my research, I am thinking an EA coded to have options of TF, reversal and with trend, ADR filter, static TP/SL levels along side dynamic targets depending on ADR or triggering candle size. MM will need to be looked at if people will use all available pairs, this could really be a margin hog on smaller account sizes.

How about a TP/SL based on equity?

Example: at 11% = TP, at -5% SL
Once at 8%, TS at 4%

Willing to test it! Thank you for your consideration
  • #1,779
  • Apr 24, 2015 6:30am Apr 24, 2015 6:30am
Good morning, I thought I was in another topic ... because I see so much ...

Just follow the 1st candle D1 that changes ... nothing more than that ... no one here can tell if a profit or not ... because no one is permanently ... something so easy, only 10 minutes ... for that EA to place pending order?

It is an empty topic since fleeing the main focus ... look pairs in the graph and see the direction of most of the 1st candle D1 that changes ... where does it go?

just that ... a shame that change the focus and is vaizio,,, only 03 people now.

or follow what I say,,, and no one follows this stuff.
  • #1,780
  • Apr 24, 2015 7:40am Apr 24, 2015 7:40am
Quoting Robinho
Good morning, I thought I was in another topic ... because I see so much ... Just follow the 1st candle D1 that changes ... nothing more than that ... no one here can tell if a profit or not ... because no one is permanently ... something so easy, only 10 minutes ... for that EA to place pending order? It is an empty topic since fleeing the main focus ... look pairs in the graph and see the direction of most of the 1st candle D1 that changes ... where does it go? just that ... a shame that change the focus and is vaizio,,, only 03 people now. or...
Roninho, i am not sure if i understand your post corectly. I have to say i demo this method for one week so far.
In the begining i set orders on the same lot size (1 lot) but it is not correct. Now i adjust lot size to each pair.
I have big loss today (5%). All trades were closed by EA posted whis week by Erebus (by the way , THX Erebus).
What do you think Robinho about adjusting SL and TP to ADR?
I will be still trading on demo next week.
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